Latest News:  

English>>Foreign Affairs

China, U.S. to start substantive BIT negotiations soon


08:08, July 12, 2013

WASHINGTON, July 11 (Xinhua) -- China and the United States agreed to start the substantive discussions of the China-U.S. Bilateral Investment Treaty (BIT) as soon as possible, Chinese Commerce Minister Gao Hucheng said here on Thursday.

"Investment is an important area of China-U.S. economic cooperation. It is a mutual concern of both parties, and both parties need to have creative thinking in order to create convenient conditions for the mutually beneficial cooperation between businesses of the two countries," Gao told reporters at a press briefing during the ongoing fifth round of the China-U.S. Strategic and Economic Dialogue (S&ED) starting on Wednesday.

"Both sides need to respect each other's concerns and pragmatically promote the negotiation of the BIT," stressed Gao.

Both sides jointly reviewed the progress made in the first nine rounds of BIT negotiations, clarified their notes on the technical terms of the treaty, and agreed to enter into a "substantive stage " of BIT negotiation as soon as possible, he said, without giving a specific timetable of the upcoming negotiations.

High-ranking economic and trade officials from both countries including Gao on Wednesday discussed a wide range of topics including the BIT negotiations, intellectual property rights protection and investment review during an economic track talk session.

China and the United States have been holding the annual S&ED talks since 2009 when Obama came to power, as a major channel of communication to enhance mutual trust, boost cooperation and properly handle differences.

Acting as special representatives of Chinese President Xi Jinping, Chinese Vice Premier Wang Yang and State Councilor Yang Jiechi will co-chair the two-day dialogue with U.S. President Barack Obama's special representatives Secretary of State John Kerry and Treasury Secretary Jacob Lew. Wang and Lew will co-chair the economic track talks, while Yang and Kerry will co-host the strategic track talks.

We Recommend:

A forward thrust in Sino-US relations

New media tells'Chinese foreign affairs story'

Xi, Obama meet for first summit

No tolerance for rogue behavior on dispute

Poverty elimination remains important task

China is victim of hacking attacks

Email|Print|Comments(Editor:ZhangQian、Yao Chun)

Leave your comment0 comments

  1. Name


Selections for you

  1. "Joint Sea-2013" drill concludes

  2. Chinese, Russian naval forces in drill

  3. Sunshine, books and WiFi, all free at beach

  4. Working people under the sweltering sun

  5. Lonely summer for migrant kids

  6. Rainstorms flood more than 10,000 cars

  7. Shining WTCC grid girls

  8. Snapshots of Kazan Universiade

  9. China Pan-Asia Stone Expo kicks off

  10. China's 50 best CEOs named

Most Popular


  1. Building on past successes
  2. Inflow of 'hot money' tackled, expert says
  3. Caution urged in seeking experts from abroad
  4. China didn't cause German solar firms' bankruptcy
  5. China, U.S. discuss cyber security
  6. Why are we obsessed with selfies?
  7. Israel keen on luring Chinese tourists
  8. 'Bernanke shock' necessary
  9. Safety first for baby formula
  10. Defense paper shows Tokyo's hysteria

What’s happening in China

Rainstorms flood more than 10,000 cars in underground garages in Wuhan

  1. Tourists cool off on beach in Shanghai
  2. Rainstorms leave 28 dead, 66 missing in China
  3. One-tenth of condoms failed tests in Guangdong
  4. Free bus rides in rush hours to end for seniors
  5. 2 dead, 7 injured in central China blast